In the days when the telegraph was the primary medium of
information exchange there would be, in certain cities, saloons with names
like, "The Turf Exchange" where bets could be placed on far off horse races. The
sportsmen would then sit around smoking cigars and drinking until the results
arrived via Western Union.
As I was researching details on my latest book, my eyes
happened to light on the following news item in the Morning Oregonian from
October 16, 1883, which has to be one of the earliest instances of hacking for
profit that I have seen:
STILL A MYSTERY
New York, Oct. 14.--The tapping of the wires of the Western
Union Saturday, by means of which bogus dispatches were sent all over the
country, announcing false results of the Jerome park races, and through which
nearly $100,000 was lost by pool sellers throughout the United States, remains
as much of a mystery as ever.
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